March 13, 2019 / 4:46 PM / 8 months ago

Sudan's inflation falls to 44.29 pct year-on-year at end-Feb - agency

CAIRO, March 13 (Reuters) - Sudan’s inflation rate dropped to 44.29 percent in February year-on-year, the statistics agency said on Wednesday, slowing from a rate of 54.32 percent in the prior year.

Inflation increased by 1.93 percent month-on-month due to increasing prices of food items such as meat, bread and grains.

Sudan has seen widespread anti-government protests since Dec. 19, triggered by price increases and limits on cash withdrawals.

In October, Sudan sharply devalued its currency after the government asked banks and money changers to set the exchange rate on a daily basis.

Black market dealers quoted the pound at 68-71 to the dollar on Wednesday, while the official rate remained stable at 47.50 pounds to the dollar. (Reporting by Khalid Abelaziz; Writing by Nadine Awadalla; Editing by Angus MacSwan)

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